Tag Archives: GVC

UKGC plans to ‘stamp out’ VIP malpractice with new guidelines

consultation

The UK Gambling Commission (UKGC) has released new strict guidance for licence holders which will aim to stamp out malpractice in the management of ‘VIP’ customers. Stamping out the ‘irresponsible incentivisation of high value customers’ has become a key area for change, according to the UKGC, after the regulator reported failings in customer protection.  Furthemore, The House of Lords select …

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GVC announces new athlete roster of SportsAid ‘Pitching In’ investment programme

SportsAid Week 2020 (21-27 September) sees GVC Holdings announce the 51-young athletes the FTSE firm is supporting through its partnership with SportsAid. GVC and SportsAid enter year-2 of their strategic collaboration, initially formed through the GVC Foundation which appointed SportsAid as lead sports beneficiary of GVC’s £2 million ‘community fund’. New partnership objectives, see GVC brand SportsAid as a keystone …

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Yiannis Stathis, SG Digital: The costly pursuit of one-to-one relationships

OpenMarket

SG Digital’s Yiannis Stathis believes that OpenMarket can spell an end to the complex working environment for sports betting operators and suppliers, adding that both sides are losing too much time – and “leaving too much money on the table” – by trying to manage one-to-one relationships. Stathis was delivering a presentation at the SBC Summit Barcelona – Digital, where …

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GVC responds to ‘press speculation’ on former Turkish business  

The board of GVC Holdings has issued a statement dismissing ‘press speculation’ regarding HMRC’s investigation of its disposed former Turkish wagering subsidiary. GVC underlined that HMRC’s investigation is strictly focused on ‘former third-party payment service providers’ whose only link to GVC was the provision of payment services for its former Turkish-facing business.  This July, HMRC confirmed that it had launched …

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Bookies Corner: Trump Presidency sinks as US 2020 enters its 100 day countdown

US 2020 enters its final 100 days of campaigning, as current polls indicate a comfortable Joe Biden / Democratic Party victory as President Trump flounders on his handling of critical issues in the most unprecedented of election years.  Against the ropes, can Trump deliver another seismic political upset, or has America finally turned the lights off on ‘President 45’… SBC …

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GVC promotes Tiku to Group COO as Segev restructures leadership ranks   

GVC Holdings has confirmed the promotion of Sandeep Tiku to Chief Operating Officer (COO), effective immediately as new Group Chief Executive Shay Segev restructures the firm’s senior executive leadership team. A GVC executive since 2014, Tiku has formerly served as Group Chief Technology Officer (CTO) leading key IT directives, system integrations and platform enlargement projects for the FTSE100 betting group.   …

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BGC praises Kenneth Alexander for driving critical change

Michael Dugher, Chief Executive of the Betting and Gaming Council (BGC), has praised the work of outgoing GVC Holdings Group CEO Kenneth Alexander and his contribution to improving industry standards and driving change through greater responsibility. Yesterday, GVC announced that Alexander had chosen to end his 13-year leadership tenure, and confirmed that the executive would be replaced by COO Shay …

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Revenues down 11% but product depth helps GVC through lockdown

Further to announcing its leadership change this morning, GVC Holdings has published a H1 post-close trading statement informing investors of the firm’s performance under challenging global conditions.  Navigating COVID-19 complexities, GVC underlined that the company was robust and decisive in implementing cost management actions to ensure that the group achieved its objective of operating at a cash neutral position during …

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GVC aims for highest standards operating in an uncertain world

Sports betting is beginning to return ‘in-line with expectations’ as live sports resume across all markets, said Barry Gibson, Chairman of GVC. Making his first public statement as Chairman, Gibson praised the COVIbetting group’s ability to respond ‘swiftly’ to the closure of its UK retail estate following government-imposed lockdown measures. The GVC Chairman also lauded the operator’s ability to meet …

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Scottish bookmakers to reopen for ‘transactional services’ on 29 June

Scottish betting shops have been given the green light to reopen on 29 June, but will only offer a transactional service. Under the government’s next phase for lifting COVID-19 restrictions, the Scottish government will prevent betting shops from showing live races, while there will also be a ban on seating within the shops to discourage people from gathering. In a …

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